"Derisking can involve both plan design and asset strategies. Plan design strategies can include converting a traditional DB plan to a cash balance plan.... Other plan-design changes available include closing the plan to new entrants, freezing the plan; or, ultimately, terminating the plan. Changes made to pension assets strategy generally are thought of as either internal (those in which assets are managed to limit risk but remain within the plan) or external (when assets leave the plan). Each method is complex and requires careful evaluation in light of a plan's particular demographics."  MORE >>